Gerdau publishes transcript of Q3 2026 earnings call
GGB•Gerdau reported third-quarter EBITDA of BRL 3.8 billion, a 20.2% margin, and free cash flow of BRL 1.4 billion. Management expects North American margins to remain stable in the fourth quarter and plans to outline a broader restructuring plan on December 4.
1. Third-quarter results
Gerdau held its third-quarter 2026 earnings call on October 27. EBITDA reached BRL 3.8 billion, with a 20.2% margin, while free cash flow totaled BRL 1.4 billion.
2. Outlook and plans
North American margins reached 27.7%. Management expects fourth-quarter stability as seasonal volume declines and Midlothian shutdown costs offset higher prices. The company plans to reduce Brazilian exports amid import pressure, with a broader restructuring plan due at its December 4 Investor Day.
3. Expansion timing
The Miguel Burnier expansion could contribute roughly BRL 400 million in 2027. Rainy conditions will slow its ramp-up and delay full benefits.
